Standard Chartered & Himalayan Bank expects to earn more than Rs 2 arba in FY 2074/75 as Q2 net profit crosses Rs 1 arba, Sunrise and NCC Bank net profit soars to Rs 58.75 crore & Rs 35.45 crore respectively

Standard Chartered Bank Nepal Limited (SCB) has stated increment in net profit of 36.92% in the second quarter of the current fiscal year 2074/75. As per the unaudited report published today, the commercial bank has stated that its net profit increased to Rs 1.01 arba in Q2 of the fiscal year 2074/75 from Rs 74.01 crore in the corresponding quarter of the previous fiscal year 2073/74. Its deposit collection reached to Rs 86.07 arba where the bank floated loans of Rs 42.35 arba. It has paid up capital of Rs 8.01 arba with Rs 4.86 arba in reserve. Its NPL stands at 0.17%. Its Earning per Share (EPS) stands at Rs 25.30 where net worth per share stands at Rs 160.74. It has P/E ratio of 41.03 times. Himalayan Bank Limited (NCCB) has shown slight growth in net profit by 7.59% in the second quarter of the current fiscal year 2074/75. As per the unaudited report published today, the commercial bank has stated that its net profit growth to Rs 1.10 arba in Q2 of the fiscal year 2074/75 from Rs 1.02 arba in the corresponding quarter of the previous fiscal year 2073/74. Its deposit collection reached to Rs 92.97 arba where the bank floated loans of Rs 82.75 arba. It has paid up capital of Rs 8.11 arba with Rs 4.96 arba in reserve. Its NPL stands at 1.32%. Its Earning per Share (EPS) stands at Rs 27.26 where net worth per share stands at Rs 157.88. It has P/E ratio of 24.21 times. Sunrise Bank Limited (SRBL) has also posted majestic rise in net profit by 188.43% in the second quarter of the current fiscal year 2074/75. As per the unaudited report published today, the commercial bank has stated that its net profit rise to Rs 58.75 crore in Q2 of the fiscal year 2074/75 from Rs 20.37 crore in the corresponding quarter of the previous fiscal year 2073/74. Its deposit collection reached to Rs 63.26 arba where the bank floated loans of Rs 56.24 arba. It has paid up capital of Rs 8.15 arba with Rs 2.10 arba in reserve. Its NPL stands at 1.65%. Its Earning per Share (EPS) stands at Rs 14.41 where net worth per share stands at Rs 125.77. It has P/E ratio of 18.25 times. Nepal Credit and Commercial Bank Limited (NCCB) has also shown giant hike in net profit by 356.74% in the second quarter of the current fiscal year 2074/75. As per the unaudited report published today, the commercial bank has stated that its net profit rise to Rs 35.45 crore in Q2 of the fiscal year 2074/75 from Rs 7.76 crore in the corresponding quarter of the previous fiscal year 2073/74. Its deposit collection reached to Rs 58.19 arba where the bank floated loans of Rs 51.41 arba. It has paid up capital of Rs 4.67 arba with Rs 2.91 arba in reserve. NCCB has been seeking approval from SEBON to issue 50% right shares after which paid up capital will reach to Rs 7.01 arba. To meet the capital requirement of Rs 8 arba, it should further hike its capital by Rs 99 crore (around 14%). Its NPL stands at huge 4.04 %. Its Earning per Share (EPS) stands at Rs 15.15 where net worth per share stands at Rs 162.29. It has P/E ratio of 32.32 times. Major Highlights: 3